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EP11. Can a deceased individual obtain an official receipt for tax purposes when a charity has been designated as a beneficiary of a registered retirement income fund?

Submitted by lesleyconley on Thu, 02/26/2009 - 14:40

EP11.Can a deceased individual obtain an official receipt for tax purposes when a charity has been designated as a beneficiary of a registered retirement income fund?

Yes. Under the Income Tax Act, a charitable donation tax credit can be claimed on a deceased individual's return for a donation of a direct distribution of proceeds to a qualified donee who is the designated beneficiary of a registered retirement savings plan (RRSP), a registered retirement income fund (RRIF), or a life insurance policy, provided certain conditions are met.